First National Bank of Mount Dora Trust Investment Services Sells 186 Shares of Visa Inc (NYSE:V)

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First National Bank of Mount Dora Trust Investment Services reduced its position in shares of Visa Inc (NYSE:V) by 0.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 38,747 shares of the credit-card processor’s stock after selling 186 shares during the period. Visa accounts for about 3.1% of First National Bank of Mount Dora Trust Investment Services’ portfolio, making the stock its 5th largest holding. First National Bank of Mount Dora Trust Investment Services’ holdings in Visa were worth $6,724,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Laurel Wealth Advisors Inc. lifted its stake in Visa by 12.0% during the first quarter. Laurel Wealth Advisors Inc. now owns 7,181 shares of the credit-card processor’s stock worth $1,122,000 after purchasing an additional 767 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its stake in Visa by 18.2% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 406,519 shares of the credit-card processor’s stock worth $63,494,000 after purchasing an additional 62,736 shares in the last quarter. Commonwealth Bank of Australia lifted its stake in Visa by 6.9% during the fourth quarter. Commonwealth Bank of Australia now owns 94,679 shares of the credit-card processor’s stock worth $12,488,000 after purchasing an additional 6,088 shares in the last quarter. WINTON GROUP Ltd lifted its stake in Visa by 0.7% during the fourth quarter. WINTON GROUP Ltd now owns 14,060 shares of the credit-card processor’s stock worth $1,855,000 after purchasing an additional 98 shares in the last quarter. Finally, First Manhattan Co. lifted its stake in Visa by 35.3% during the fourth quarter. First Manhattan Co. now owns 368,224 shares of the credit-card processor’s stock worth $48,583,000 after purchasing an additional 96,015 shares in the last quarter. Institutional investors own 81.63% of the company’s stock.

In other news, Director Lloyd Carney sold 3,500 shares of the stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $182.73, for a total transaction of $639,555.00. Following the completion of the sale, the director now owns 3,452 shares in the company, valued at $630,783.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Denise M. Morrison bought 1,000 shares of the firm’s stock in a transaction dated Tuesday, August 6th. The shares were acquired at an average price of $171.13 per share, with a total value of $171,130.00. Following the purchase, the director now directly owns 3,223 shares of the company’s stock, valued at approximately $551,551.99. The disclosure for this purchase can be found here. Corporate insiders own 0.17% of the company’s stock.

V has been the topic of a number of research reports. Cantor Fitzgerald restated a “buy” rating and set a $181.00 price target on shares of Visa in a research note on Sunday, April 28th. Bank of America upped their price objective on Visa from $177.00 to $192.00 and gave the stock a “buy” rating in a research report on Monday, June 17th. Credit Suisse Group upped their price objective on Visa from $200.00 to $203.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 24th. Raymond James upped their price objective on Visa from $177.00 to $193.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 24th. Finally, Guggenheim upped their price objective on Visa from $178.00 to $190.00 and gave the stock a “positive” rating in a research report on Wednesday, July 24th. Two equities research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $195.46.

NYSE:V opened at $176.27 on Friday. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.69 and a quick ratio of 1.69. Visa Inc has a 12 month low of $121.60 and a 12 month high of $184.07. The firm has a market capitalization of $349.84 billion, a PE ratio of 38.24, a price-to-earnings-growth ratio of 1.97 and a beta of 0.96. The business’s fifty day moving average price is $178.08 and its 200 day moving average price is $162.42.

Visa (NYSE:V) last released its quarterly earnings data on Tuesday, July 23rd. The credit-card processor reported $1.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.04. Visa had a net margin of 53.43% and a return on equity of 41.04%. The company had revenue of $5.84 billion during the quarter, compared to the consensus estimate of $5.70 billion. During the same quarter in the prior year, the firm posted $1.20 earnings per share. Visa’s revenue for the quarter was up 11.5% on a year-over-year basis. As a group, equities analysts anticipate that Visa Inc will post 5.4 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Friday, August 16th will be paid a $0.25 dividend. The ex-dividend date is Thursday, August 15th. This represents a $1.00 annualized dividend and a yield of 0.57%. Visa’s dividend payout ratio is presently 21.69%.

Visa Company Profile

Visa Inc operates as a payments technology company worldwide. The company facilitates commerce through the transfer of value and information among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a processing network that enables authorization, clearing, and settlement of payment transactions; and offers fraud protection for account holders and assured payment for merchants.

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Institutional Ownership by Quarter for Visa (NYSE:V)

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